We are committed to creating sustainable, diversified revenue streams and resources over the coming years without sacrificing the high quality of PPI programming and membership services.
Making sure-footed steps toward this goal in 2015, PPI demonstrated sound fiscal management and accountability measures, as demonstrated by the audited financial statements completed as of December 31, 2015 by Good & Fowler, LLP. The following Statement of Activities reflects a total Revenue and Support of $2,314,015, an increase of $402,011 or 21% from the prior year. Total Expenses were $2,119,747, an increase of $203,245 or 10.6% from the prior year. The total change in 2015 net assets is $194,268.
These financial results position us, for the first time in three years, to make forward-looking investments in programs, people, and member service technology, while also shoring up PPI reserves to weather unforeseen turbulence.
Chart A: 2015 Revenue Sources
Chart B: 2015 Expense Allocation
Statement of Activities
For the Year Ended December 31, 2015
With Comparative Totals (USD) for the Year Ended December 31, 2014
|REVENUE (Chart A)|
|Asian Development Bank Grant||60,758||135,432|
|PPI Executive Seminar Registration||88,857||37,550|
|TOTAL REVENUE & SUPPORT||2,314,015||1,912,004|
|EXPENSES (Chart B)|
|CHANGE IN NET ASSETS||194,268||(4,498)|
|NET ASSETS AT BEGINNING OF YEAR||1,683,219||1,687,717|
|NET ASSETS AT END OF YEAR||$1,877,487||$1,683,219|
The financial information presented is from the audited financial statements. Interested parties can obtain a complete copy of the audited financial statements by contacting our office.